[CLOSED] S.DICE - SatoshiDICE 100% Dividend-Paying Asset on MPEx - page 42.

jeprokzki

newbie

Activity: 49

Merit: 0

Quote from: Peter Lambert on April 13, 2013, 08:00:19 PM

Quote from: ThickAsThieves on April 13, 2013, 12:41:59 PM

You can buy shares at the following places:

havelockinvestments.com
bitfunder.com
btct.co
coinbr.com
mpex.co

To be more accurate, you can buy shares at mpex.co, all the others are just pass-through funds that allow people to invest without shelling out the 30 btc account fee to use mpex.

hi sir i've checked the site but there is no buying option

Abu22

member

Activity: 80

Merit: 10

Quote from: CasinoBit on April 13, 2013, 09:23:56 AM

Quote from: Abu22 on April 09, 2013, 06:32:50 PM

So nobody else is irritated with the lack of development to this site when it has such a bountiful amount of potential? Have the creators / top investors got holdings in alternate gambling websites, as to make creating themselves as a competition harmful to their own self interest?

Obviously a bit of speculation here, but these moves forward should be a no brainier. The last interface update was the addition of a lurid green header background and now the betting address flashes... yay.

It's not become any more user friendly towards new bitcoin users, nor has it become any more appealing in the sense of fun from a unique gaming/gambling experience.

If you're seriously out of idea's then let the community suggest some to you instead of letting this all just go stagnant.

Honestly why must it be an already existing project that introduces new concepts? Why can't other companies who are also seeking to give to the community introduce new ideas?

Oh course they can, I'm just saying that it's a complete waste of potential to not seize this market right now whilst they have a large user base...Any other idea that somebody wants to startup will involve much more risk regarding their set up costs and the assumption of being able to take a part of the market...That means advertising, building trust, healthy track record...and the capital behind the idea to make it worth spending at. The far more practical route is to build on a already solid foundation. (so hopefully the post a page back is true and Erik is making some changes...they just aren't in the public eye yet)

Peter Lambert

hero member

Activity: 756

Merit: 500

It's all fun and games until somebody loses an eye

Quote from: ThickAsThieves on April 13, 2013, 12:41:59 PM

You can buy shares at the following places:

havelockinvestments.com
bitfunder.com
btct.co
coinbr.com
mpex.co

To be more accurate, you can buy shares at mpex.co, all the others are just pass-through funds that allow people to invest without shelling out the 30 btc account fee to use mpex.

John Self

member

Activity: 98

Merit: 10

Isn't anybody doing some simple calculations?

36,386/10 = 3638.6
3638.6/10000000 = 0.00036386

So that's 0.00036386 projected dividends per share per year, assuming no growth.
Shares start at 0.0032.

Do people seriously consider this a good deal?

ThickAsThieves

hero member

Activity: 518

Merit: 500

You can buy shares at the following places:

havelockinvestments.com
bitfunder.com
btct.co
coinbr.com
mpex.co

jeprokzki

newbie

Activity: 49

Merit: 0

how can i buy shares here?

thoughtfan

hero member

Activity: 784

Merit: 506

Quote from: CasinoBit on April 13, 2013, 09:23:56 AM

Quote from: Abu22 on April 09, 2013, 06:32:50 PM

So nobody else is irritated with the lack of development to this site when it has such a bountiful amount of potential? Have the creators / top investors got holdings in alternate gambling websites, as to make creating themselves as a competition harmful to their own self interest?

Obviously a bit of speculation here, but these moves forward should be a no brainier. The last interface update was the addition of a lurid green header background and now the betting address flashes... yay.

It's not become any more user friendly towards new bitcoin users, nor has it become any more appealing in the sense of fun from a unique gaming/gambling experience.

If you're seriously out of idea's then let the community suggest some to you instead of letting this all just go stagnant.

Honestly why must it be an already existing project that introduces new concepts? Why can't other companies who are also seeking to give to the community introduce new ideas?

No reason why not - and even as an SD stockholder I'm all for it because the more of the market share others take away from SD the bigger the incentive for SD to up their game. Bring it on

CasinoBit

sr. member

Activity: 364

Merit: 250

Quote from: Abu22 on April 09, 2013, 06:32:50 PM

So nobody else is irritated with the lack of development to this site when it has such a bountiful amount of potential? Have the creators / top investors got holdings in alternate gambling websites, as to make creating themselves as a competition harmful to their own self interest?

Obviously a bit of speculation here, but these moves forward should be a no brainier. The last interface update was the addition of a lurid green header background and now the betting address flashes... yay.

It's not become any more user friendly towards new bitcoin users, nor has it become any more appealing in the sense of fun from a unique gaming/gambling experience.

If you're seriously out of idea's then let the community suggest some to you instead of letting this all just go stagnant.

Honestly why must it be an already existing project that introduces new concepts? Why can't other companies who are also seeking to give to the community introduce new ideas?

kokojie

legendary

Activity: 1806

Merit: 1003

Quote from: dooglus on April 10, 2013, 03:16:29 PM

Quote from: Abu22 on April 09, 2013, 02:16:10 AM

Why were the profits so low this month? I looked at dooglus' chart of S.Dice's ongoing performance and it doesn't appear to account for a drop from ฿0.00012579 per share to ฿0.00000845 ... A reduction of .00011734! Almost 15x less.

My charts show the profit in February as 13333.24627993 and March as 1166.55910974.

That's about 11 times more in Feb than in Mar:

>>> 13333.24627993 / 1166.55910974
11.429550520506144

However if you subtract a fixed cost of 300 from each, it's a 15 times drop instead:

>>> (13333.24627993 - 300) / (1166.55910974 - 300)
15.040227646836993

So that explains why the dividends were smaller in March.

As for the 100 BTC per month fee for various staff, I expect contracts were signed before the price of BTC shot up. 100 BTC per month used to be a reasonable amount (and maybe will be again soon, the way things are going?)

That's would be a stupid contract to sign, it should be a percentage of profit each month, say 2% or 3%. if BTC price shot up to $10000, SDice's entire monthly profit might just be 100 BTC.

Also when the fee is tied to a percentage profit, it gives the consultant more incentive to do good work, as bad work will result in less fee.

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: Abu22 on April 09, 2013, 02:16:10 AM

Why were the profits so low this month? I looked at dooglus' chart of S.Dice's ongoing performance and it doesn't appear to account for a drop from ฿0.00012579 per share to ฿0.00000845 ... A reduction of .00011734! Almost 15x less.

My charts show the profit in February as 13333.24627993 and March as 1166.55910974.

That's about 11 times more in Feb than in Mar:

>>> 13333.24627993 / 1166.55910974
11.429550520506144

However if you subtract a fixed cost of 300 from each, it's a 15 times drop instead:

>>> (13333.24627993 - 300) / (1166.55910974 - 300)
15.040227646836993

So that explains why the dividends were smaller in March.

As for the 100 BTC per month fee for various staff, I expect contracts were signed before the price of BTC shot up. 100 BTC per month used to be a reasonable amount (and maybe will be again soon, the way things are going?)

zebedee

donator

Activity: 668

Merit: 500

Quote from: Abu22 on April 09, 2013, 06:32:50 PM

So nobody else is irritated with the lack of development to this site when it has such a bountiful amount of potential? Have the creators / top investors got holdings in alternate gambling websites, as to make creating themselves as a competition harmful to their own self interest?

Obviously a bit of speculation here, but these moves forward should be a no brainier. The last interface update was the addition of a lurid green header background and now the betting address flashes... yay.

It's not become any more user friendly towards new bitcoin users, nor has it become any more appealing in the sense of fun from a unique gaming/gambling experience.

If you're seriously out of idea's then let the community suggest some to you instead of letting this all just go stagnant.

Why would he do that? Seriously if they're developing something new, why would they donate it to SD "share" holders?

Just do another IPO in the same style and take the lot. Remember you only invested in what? Satoshi Dice the game right? Not a company or anything. What is the incentive for the creators to do extra stuff when they are diluted by people like you, and they don't need to be?

The whole SD thing is that it's unclear what the deal is, and you have no vote or say. Hence why people like me warned about the absurd (in my view) valuation multiple at IPO.

Yogafan00000

sr. member

Activity: 314

Merit: 251

Quote from: superbit on April 09, 2013, 10:12:09 AM

200K a month though?

I'd rather see decent fees go to the operator than operator deciding to wind it all down because it's not worth their bother, or worse, just pulling the plug and disappearing. (and us winding up with worthless shares)

I haven't been burned yet, a few close calls though. (Bakewell, GLBSE) I completed dodged the Pirate fiasco.

Remember, success is expensive.

jonitas

newbie

Activity: 57

Merit: 0

@Abu22, ar9

Here's a usefull contribution for ya, since obviously you can't do your own homework:

Quote from: evoorhees on March 29, 2013, 11:50:47 AM

3) Contrary to how it may appear, I'm spending a lot of time on SD. Much of this is in the legal world, and in putting a small team together to build it more professionally. These things aren't apparent on the surface, but they're happening. When some of this foundational stuff is in place, the visible aspects of SD will be built up further. While I have increased advertising for SD in the last couple weeks, I am also wary of making the site too high profile too soon. Read into that what you will, but it's done with purpose.

Abu22

member

Activity: 80

Merit: 10

So nobody else is irritated with the lack of development to this site when it has such a bountiful amount of potential? Have the creators / top investors got holdings in alternate gambling websites, as to make creating themselves as a competition harmful to their own self interest?

Obviously a bit of speculation here, but these moves forward should be a no brainier. The last interface update was the addition of a lurid green header background and now the betting address flashes... yay.

It's not become any more user friendly towards new bitcoin users, nor has it become any more appealing in the sense of fun from a unique gaming/gambling experience.

If you're seriously out of idea's then let the community suggest some to you instead of letting this all just go stagnant.

romerun

legendary

Activity: 1078

Merit: 1002

Bitcoin is new, makes sense to hodl.

well, they should put an end to the recurring, bet lag-site slowness issues, considering 100btc/m maintenance fee

FTWbitcoinFTW

sr. member

Activity: 476

Merit: 250

Quote

200K a month though?

Same question here but i think it's 200K/year, a US habits

Quote

This will be a recurring monthly expense. It is compensation for the site's IT contractor.

It's cheap for securing a 67M$ company, what do you think?

superbit

hero member

Activity: 763

Merit: 500

Quote from: Deprived on April 09, 2013, 03:25:25 AM

Quote from: Abu22 on April 09, 2013, 03:13:48 AM

Quote from: zebedee on April 09, 2013, 02:28:44 AM

Was there an official announcement of last month's earnings and dividends, or did I miss it?

You know, the one that typically comes with a "the gambling world's not going to be ignoring bitcoin for long" kind-of comment?

Well there's this... https://docs.google.com/spreadsheet/ccc?key=0Aiec3-Eo_yO5dHB2dVdiaEltUHAtTWlBcFhXQVBYeGc#gid=11

with a new monthly expense introduced for a 'systems operator' of 100 btc a month... A almost 200k salary for a guy/team? that's doing the upkeeping of a site that has little to none. I mean it's not even a salary of btc worth of his local currency. They're paying the 100 btc this month too... Along with an indescript 103 btc cost for 'legal'...And I don't know why the mpex divident changed from 10% to 13%.

I'm getting a little concerned at how these operations are running.

I can explain why the MPEx dividend changed.

Originally 10% of shares were sold on MPEx - hence the dividend being 10%. Remainder were either held by Erik himself or by other private investors. Last month (or maybe February) one of the other investors decided to sell some of his stake - and it was sold in the market. This increased the shares on MPEx from 10% of total equity to 13% - and the dividend increased accordingly.

Would assume the systems operator is doing stuff like checking for double-spend attacks (and other variations on the same theme) which take a reasonable amount of effort and expertise to do. Obviously it does eat into the bottom-line and share valuation of course.

200K a month though?

Deprived

hero member

Activity: 532

Merit: 500

Quote from: Abu22 on April 09, 2013, 03:13:48 AM

Quote from: zebedee on April 09, 2013, 02:28:44 AM

Was there an official announcement of last month's earnings and dividends, or did I miss it?

You know, the one that typically comes with a "the gambling world's not going to be ignoring bitcoin for long" kind-of comment?

Well there's this... https://docs.google.com/spreadsheet/ccc?key=0Aiec3-Eo_yO5dHB2dVdiaEltUHAtTWlBcFhXQVBYeGc#gid=11

with a new monthly expense introduced for a 'systems operator' of 100 btc a month... A almost 200k salary for a guy/team? that's doing the upkeeping of a site that has little to none. I mean it's not even a salary of btc worth of his local currency. They're paying the 100 btc this month too... Along with an indescript 103 btc cost for 'legal'...And I don't know why the mpex divident changed from 10% to 13%.

I'm getting a little concerned at how these operations are running.

I can explain why the MPEx dividend changed.

Originally 10% of shares were sold on MPEx - hence the dividend being 10%. Remainder were either held by Erik himself or by other private investors. Last month (or maybe February) one of the other investors decided to sell some of his stake - and it was sold in the market. This increased the shares on MPEx from 10% of total equity to 13% - and the dividend increased accordingly.

Would assume the systems operator is doing stuff like checking for double-spend attacks (and other variations on the same theme) which take a reasonable amount of effort and expertise to do. Obviously it does eat into the bottom-line and share valuation of course.

Abu22

member

Activity: 80

Merit: 10

Quote from: zebedee on April 09, 2013, 02:28:44 AM

Was there an official announcement of last month's earnings and dividends, or did I miss it?

You know, the one that typically comes with a "the gambling world's not going to be ignoring bitcoin for long" kind-of comment?

Well there's this... https://docs.google.com/spreadsheet/ccc?key=0Aiec3-Eo_yO5dHB2dVdiaEltUHAtTWlBcFhXQVBYeGc#gid=11

with a new monthly expense introduced for a 'systems operator' of 100 btc a month... A almost 200k salary for a guy/team? that's doing the upkeeping of a site that has little to none. I mean it's not even a salary of btc worth of his local currency. They're paying the 100 btc this month too... Along with an indescript 103 btc cost for 'legal'...And I don't know why the mpex divident changed from 10% to 13%.

I'm getting a little concerned at how these operations are running.

zebedee

donator

Activity: 668

Merit: 500

Was there an official announcement of last month's earnings and dividends, or did I miss it?

You know, the one that typically comes with a "the gambling world's not going to be ignoring bitcoin for long" kind-of comment?

Topic: [CLOSED] S.DICE - SatoshiDICE 100% Dividend-Paying Asset on MPEx - page 42. (Read 316442 times)